Property News · January 26, 2018

HNA subsidiary sells Sydney office block for US$165 million


A HNA Group subsidiary has sold a Sydney office block for A$205 million (US$165 million), as the embattled Chinese conglomerate continues its asset disposals in a bid to raise cash.
Hong Kong International Investment group, a member of the HNA Group, announced the sale of the Sydney One York Office Building late Friday without disclosing the buyer.
Bloomberg and Reuters reported that the buyer was the Blackstone Group, each citing people with knowledge of the matter.
In a statement, Hong Kong…

Source : South China Morning Post
Read more…HNA subsidiary sells Sydney office block for US5 million

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